Progressive Green Solutions, Inc. (OTCBB:PGSC) announced a private placement of common shares in March 2014. The company will issue securities pursuant to exemption provided under Regulation D. The company will pay placement agent fees in the amount of $121,420.

On August 26, 2014, Progressive Green Solutions, Inc. closed the transaction. The company has issued 1,245,334 common shares at $0.75 per share for gross proceeds of $934,000. The transaction included participation from 10 individual investors.